Question
Say that in a country the return to schooling is 10% each year for the first four years of school and then 5% each year
Say that in a country the return to schooling is 10% each year for the first four years of school and then 5% each year for the remaining years. Also, say that 40% the population goes to school for 3 years and 60% for 6 years. What share of wages is due to schooling?
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Micromotives And Macrobehavior
Authors: Thomas Schelling
1st Edition
0393329461, 9780393329469
